Inflation climbs for third straight month

[calendria]

 

Now the Social Security increase makes sense:

Inflation climbs for third straight month, hitting 5.4 percent year over year (© Provided by NBC News)
Consumer prices climb for third straight month, hitting 5.4 percent year over year

The broad measure of inflation indicates soaring consumer demand continues to outstrip supply.

[potluck6]

yes can see inflation rising at the grocery store. people say buy silver and gold .Gold cant afford but silver is down  so will maybe get some bars at about 31.00 each.

[oldbuddy]

I say scratch around online to pick up some free Satoshi and let it accumulate. I did that a couple years back and ended up with an extra $500 to spend on Christmas.     

[ktheodos]

Yes, inflation is happening due to all the extra printed money

[sfreeman8]

Yes, inflation is happening due to all the extra printed money

Not only the money being printed like it's grown on trees, but supply and demand. Because of the pandemic, a lot of companies had to shut down that supplied parts and whole items for most of the products we buy and use. 

Biden says it will be a short term inflation. Never heard of that! Inflation usually lasts a couple years and if they keep printing money, it will only get worse.  I remember the one back in the '70s. Savings paid pretty good but if you needed a mortgage, the interest rates were anywhere from 9.5% to 13%. My mom's partner used to throw up to me how great he was doing with his stocks and bonds. He earned a lot off the interest. Back then, with 2 small kids and earning $125 before taxes didn't give any room to save. 

[calendria]

 


This is where the increase in our Social Security checks are going to disappear, inflation on items that are must haves ..  toilet paper increases at my store by 75% !  And I haven't seen a name brand on sale in a long time!

[pkrahmer]

no question inflation is on the rise. My concern is how high is it going to go?

[dsawan]

as long as no stagflation then we can wing it.

[dwiley11]

get used to it, spending is out of control

[linderlizzie]

Let's all have a round of applause for the alleged president of the United States, Joe Biden.

He has so many other surprises in store for us. I can't wait! 

[berthabutt]

I can't afford to breath!

[Donnamarg323]

I can't afford to breath!

Look at it this way BB,If Trump won you would have been on a ventilator then with 1000s of others.

Trump made sure after he lost he instilled bat disease <a disease bats catch as if they were in a dark,smoked room right after cataract surgery>on his team/supporters

IOW...total blindness!!

[UGetPaid]

no question inflation is on the rise. My concern is how high is it going to go?

Be careful what questions you ask...

[ktheodos]

It's gotten so bad that the dollar tree is now selling items for $1.25....a 25% increase!!! WOW!

[minioncookies]

Inflation will be here for years to come and it will get worse with each cash give away our gov gives out. They have made our money worth less than it was before Biden took office. Biden could help us all out with the gas which would bring down a lot of things but he doesn't care